Pay versus performance

Filings and share structure

The proxy statement's table that sets the chief executive's pay beside the stock's run, year by year.

How it is worked out

Since 2023 every proxy (DEF 14A) gives it with structured data: total compensation as the summary table states it, the "actually paid" figure (the same with shares and options valued at year end), the average of the other named officers, what $100 in the stock and in the company's chosen peer group became, and the measure the company ties pay to.

How to read it

  • "Actually paid" rises and falls with the stock, because the options are revalued. A year in which the stock fell can show it negative.
  • The peer group and the measure are the company's choices. The table describes; it does not judge whether the pay was deserved.

Example

A chief executive with total compensation of $20M and $60M actually paid held shares that tripled within the year.

Related terms

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

Explanations of terms for learning, with examples from SEC filings.